Experts warn Power Grid is under strain “reliability is going to be difficult

Important Takeaways:

  • Vast swath of U.S. at risk of summer blackouts, regulator warns
  • A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply-chain woes strain the electric grid.
  • A historic drought is covering the western US, limiting supplies of hydroelectric power, and forecasts call for a hotter-than-average summer. But the fight against global warming poses its own risks as older coal-fired plants close faster than wind farms, solar facilities and batteries can replace them.
  • “The pace of our grid transformation is out of sync” with the physical realities of the existing power network, Moura said.
  • Supply-chain snags, meanwhile, are delaying Southwest solar projects and Texas transmission lines, while coal plants are having trouble obtaining fuel amid increased exports. And power grids face a growing threat of cyberattacks because of US support for Ukraine following the Russian invasion, according to NERC.
  • California’s grid operators, in contrast, have warned that the state faces a risk of blackouts during the next three summers as the state shifts to cleaner energy.
  • “We know that reliability is going to be difficult in this time of transition,” said Alice Reynolds, president of the California Public Utilities Commission

Read the original article by clicking here.

Short supply of Diesel on the heels of summer

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
  • Diesel fuel is in short supply as demand rebounds following the pandemic, while supply remains tight.
  • Prices have surged to record levels, adding to inflationary concerns across the economy.
  • The problem is especially acute on the East Coast, where prices have become “unhinged,” according to one analyst.
  • “Diesel is the fuel that powers the economy,” said Patrick De Haan, head of petroleum analysis at GasBuddy
  • Higher prices are “certainly going to translate into more expensive goods,” said De Haan.

Read the original article by clicking here.

Surge in Corn Prices Hit Nine Year High

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Price of corn hits 9-year high as surge in commodities continues
  • The contracts for July corn futures were trading above $8 per bushel on Monday, the highest level since September 2012.
  • Corn is just one of several agriculture commodities that has seen surging prices in recent weeks, in part due to the war in Ukraine.
  • Even prior to the war, agricultural commodities were seeing some upward pressure supply chain disruptions and high transportation costs that are contributing to inflation throughout the economy.

Read the original article by clicking here.

500 Ships stuck outside Shanghai as Supply Chain Issues ramp up

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • China’s strict Covid restrictions are causing global supply chain issues
  • Blockages in global trade have surged due to their highest level since last September. The delay has been caused mostly by coronavirus restrictions in one of the country’s busiest ports – Shanghai.
  • “The main development of March is the reappearance of shipping congestion in the ports of Asia and the North Sea,” Liberum analyst Joachim Klement told The Telegraph.
  • According to data from Bloomberg, almost 500 ships were stuck outside Shanghai.

Read the original article by clicking here.

Supply Chain problems are affecting Baby Formula suppliers

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Supply chain crisis: ‘Shocking’ national baby formula shortage forces rationing at major retail chain
  • The supply chain crisis has prompted Walgreens – the second-largest pharmacy store chain in the United States behind CVS – to limit the amount of baby formula that customers can purchase.
  • The reason for rationing is because of “increased demand and various supplier issues.” The restrictions are already in effect at stores.
  • CVS is also experiencing baby formula shortages.

Read the original article by clicking here.

World economic pressure has nations considering rationing fuel, food vouchers

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Gas rationing, food vouchers and hunger: Economic pain from Russia’s war is getting real
  • Forecasts for global growth are being slashed and the chance of a US recession in 2023 has risen to 35%, according to Goldman Sachs.
  • Sanctions and other supply-chain disruptions have sent consumer prices surging across the world as oil and other commodity prices have spiked. Soaring gas and diesel prices are also adding to the cost of food, heightening fears that the world is on the brink of a hunger crisis.
  • France’s government is considering food vouchers to help residents afford to eat.
  • Desperation in Ukraine:
    • Millions of refugees are pouring out of Ukraine and little ability to pay for their needs. Inside Ukraine, some towns have less than a four days’ worth of food, the aid agency Mercy Corps said Tuesday, warning that the humanitarian system in the country “is entirely broken down.”
  • The CEO of Dutch commodity trading company Vitol said this week pulling Russian oil off the Western market will force drivers and truckers to ration diesel fuel.
  • Meanwhile, the UK government is cutting taxes to help keep fuel affordable.

Read the original article by clicking here.

Near record levels wholesale price hits 9.7% over the past year

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Wholesale prices rise 1% in January, up near-record 9.7% over the past year
  • The producer price index, which measures final demand goods and services, increased 1% for the month, against the Dow Jones estimate for 0.5%. Over the past 12 months the gauge rose an unadjusted 9.7%, close to a record in data going back to 2010.
  • Manufacturing in the New York region increased modestly in February but was below expectations. The prices received index soared to a record high.
  • The increases come amid burgeoning inflation across the economy, with consumer prices running at a 40-year high.
  • President Joe Biden “will continue to make progress on his three-part plan of addressing supply chain disruptions; lowering kitchen tables costs with his Build Back Better agenda; and promoting more competition,” the statement said.

Read the original article by clicking here.

Schools affected by supply chain and staffing shortages are finding it difficult to juggle the work load

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Food, Supply Chain Issues and Staffing Shortages Leave VA Schools Scrambling to Feed Students
  • It’s been almost a year since President Biden signed an executive order to fix America’s supply chain backups. Still, ripple effects and shortages have left school districts scrambling to feed students without compromising nutrition. While students are still eating thanks to diligent work behind the scenes, it remains a problem that could continue into the upcoming school year.
  • Shortages created by supply chain backups are the most recent headache. Some schools have been juggling the workload with fewer people.
  • “We are down about, almost 60 school nutrition staff who work in our kitchen,” said Larry Wade, director of School Nutrition Services for Chesapeake Public Schools. “We’re finding it hard to get people to come work for us.”

Read the original article by clicking here.

Busiest Border in North America shut down by 18 wheelers

Important Takeaways:

  • Canadian truckers shut down busiest border crossing in North America, back up Detroit roads
  • Business leaders also sounded off that closing the busiest international border crossing in the U.S. will create supply chain issues.
  • Any delay or disruption in the supply chain creates problems, not just for agriculture but the state economy,” Chuck Lippstreu, president of the Michigan Agri-Business Association, told The Detroit News.
  • Officials are directing the travelers to use the Windsor-Detroit Tunnel or the Port Huron Blue Water Bridge instead of the Ambassador Bridge.

Read the original article by clicking here.

Pandemic, supply chain profits hit by rising costs

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • McDonald’s profit hit by rising costs, pandemic curbs
  • Operating costs rose 14% to $3.61 billion as supply chain bottlenecks led the world’s largest burger chain to spend more for ingredients such as chicken and beef, as well as packaging material, while it also raised wages in the United States.

Read the original article by clicking here.